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CGD NOTES
March 16, 2023
The the wake of the Silicon Valley Bank collapse, bank regulators and supervisors in emerging markets should be looking closely at their own banking systems with lessons from Silicon Valley in mind. For most emerging markets, where previous banking crises were devastating and turned back the clock o...
Blog Post
March 07, 2023
The EU and its member states are collectively the world’s largest aid donor, with an annual budget of over $70 billion in 2021. When it comes to global health, however, it has historically punched below its weight. In part, this is due to an internal coordination problem; health is a shared competen...
Blog Post
February 24, 2023
Finding coherency in the EU’s migration approach has always been hard. Demographic pressures and labour shortages highlight the need to rethink the restrictive migration policy, while voters preferences and tensions within the bloc on how to deal with irregular migrants highlight how contentious the...
WORKING PAPERS
February 21, 2023
Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias with ...
WORKING PAPERS
January 23, 2023
The US limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously authorized to e...
Blog Post
January 19, 2023
In Australia and elsewhere, more and more homes are becoming uninsurable due to hazards intensified by climate change. This is a slow-cooker issue which will render some areas de facto uninhabitable, leading to gradual movement out of at-risk regions. Here’s a look at how the world responded to thes...
CGD NOTES
January 09, 2023
On balance, the Southeast Asian countries have done better than Latin American countries by pursuing export-led industrial strategies, however, unlike the Tigers, neither group has been able to enter the ranks of high-income countries. This note offers reasons for the shortfall in growth and briefly...
Blog Post
December 16, 2022
In 2020, we opened our end-of-year review by saying that “Not even Dr. Pangloss could put a positive spin on… a historic dumpster fire of a year.” The next year, we described 2021 as “not quite the best of times, not quite the worst of times”, which seemed like progress. But if we take one lesson fr...